RISK MANAGEMENT SYSTEM IN DECISION-MAKING AT THE ENTERPRISE IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT
Abstract
Risk management plays a key role in an indefinite time, while preventing corporations from acting rigidly and incorrectly. As a result, this allows companies to become more flexible and stable. Global turbulence as a condition greatly deepens the environmental and socio-economic context of deep uncertainty. This causes organizations to more carefully consider the risk factors that affect their continuity of business, as well as the problems of stability. However, there is a rupture in knowledge of how risk management systems relate to stability management systems, and how they both have an impact on business efficiency, especially from a theoretical point of view. The new interpretative basis for the analysis of risk management strategies in organizations allows you to define in economic hermeneutics as an innovative methodological tool for improving the knowledge of risk and developing the most appropriate management strategies. The document gives two main results: the first is the construction of a theoretical model that connects the management of risks with enterprise management. Also, this operational framework of a multidimensional risk assessment is useful for analysis at different levels (business, competitive scenario and system). The study of entrepreneurial risk has revealed the main components of its essence, which allow to comprehensively and comprehensively describe this concept: risk as a phenomenon, risk of the enterprise as a whole and risk of activity of the enterprise. Thus, the economic category of risk can determine both the potential danger and probability of losses, and a positive result is more than the projected survey. The management of the enterprise's risk is defined as a system of purposeful measures aimed at identifying and assessing the degree of the total risks that affect the activity of the enterprise in order to develop mechanisms for counteracting their possible negative impact. In this case, risk management should have its own strategy and tactics, which need to be systematically coordinated with a number of other system characteristics and economic criteria for the effective functioning of the enterprise.
References
Бутенко В., Байдацький М. Теоретичні основи формування системи управління ризиками на підприємстві. Економіка та суспільство. 2023. № 50. URL: https://economyandsociety.in.ua/index.php/journal/article/view/2398
Ленко І. Удосконалення системи управління ризиками діяльності туристичних підприємств. Вісник Національного технічного університету" Харківський політехнічний інститут" (економічні науки). 2023. № 2. С. 55–58. URL: http://es.khpi.edu.ua/article/view/282940
Захарова Н. Ю. Управління ризиками на підприємстві: сутність, підходи та методи. Бізнес Інформ. 2023. № 1. С. 203–209.
Волинець Л. М., Хоменко І. О., Халацька І. І., Божок Ю. О., Пенківська К. С. Формування системи управління ризиками в логістичній діяльності підприємств. Вісник НТУ. Серія : "Економічні науки". 2021. Вип. 2 № 49. C. 22–31.
Кириченко Н. В., Алєщенко Л. О. Методичні основи формування системи ризик менеджменту аграрних підприємств. Агросвіт. 2021. № 9-10. C. 46–52.
Гринько Т., Гвініашвілі Т., Каліберда М. Стратегічне управління підприємством в умовах цифрової економіки. Економіка та суспільство. 2023. № 50. URL: https://economyandsociety.in.ua/index.php/journal/article/view/2440
Тарлопов І.О. Соціальний ризик проєктів транспортного сектору у системі сталого розвитку. Вісник ОНУ ім. І. І. Мечникова. 2024. № 29. Т. 2(100). С. 17–20. URL: http://www.visnyk-onu.od.ua/journal/2024_29_2/5.pdf
Тарлопов І.О. Статистичне оцінювання інвестиційного співробітництва між Україною та країнами ЄС. Науковий вісник Полтавського університету економіки і торгівлі. Серія «Економічні науки». 2021. № 2-1. С. 91–96. URL: http://www.puet.poltava.ua/index.php/economics/article/view/67
Crawford J., Jabbour М. The relationship between enterprise risk management and managerial judgement in decision‐making: A systematic literature review. International Journal of Management Reviews. 2024. Vol. 26. P. 110–136. URL: https://onlinelibrary.wiley.com/doi/full/10.1111/ijmr.12337
Crovini C., Santoro G., Ossola G. Rethinking risk management in entrepreneurial SMEs: towards the integration with the decision-making process. Management Decision. 2021. Vol. 59. P. 1085–1113. URL: https://www.emerald.com/insight/content/doi/10.1108/MD-10-2019-1402/full/html
Butenko, V., & Baidatsky, M. (2023). Teoretychni osnovy formuvannia systemy upravlinnia ryzykamy na pidpryiemstvi [Theoretical bases of forming a risk management system at an enterprise]. Ekonomika ta suspilstvo, vol. 50. Available at: https://economyandsociety.in.ua/index.php/journal/article/view/2398 (in Ukrainian)
Lenko, I. (2023). Udoskonalennia systemy upravlinnia ryzykamy diialnosti turystychnykh pidpryiemstv [Improvement of the risk management system of tourist enterprises activity]. Visnyk Natsionalnoho tekhnichnoho universytetu" Kharkivskyi politekhnichnyi instytut" (ekonomichni nauky), vol. 2, pp. 55–58. Available at: http://es.khpi.edu.ua/article/view/282940 (in Ukrainian)
Zakharova, N. Yu. (2023). Upravlinnia ryzykamy na pidpryiemstvi: sutnist, pidkhody ta metody [Risk management at the enterprise: essence, approaches and methods]. Biznes Inform, vol. 1, pp. 203–209. (in Ukrainian)
Volynets, L. M., Khomenko, I. O., Khalatska, I. I., Bozhok, Yu. O., & Penkivska, K. S. (2021). Formuvannia systemy upravlinnia ryzykamy v lohistychnii diialnosti pidpryiemstv [Formation of risk management system in logistics activity of enterprises]. Visnyk NTU. Seriia : "Ekonomichni nauky", vol. 49(2), pp. 22–31. (in Ukrainian)
Kirichenko, N. V. & Aleyshchenko, L. O. (2021). Metodychni osnovy formuvannia systemy ryzyk menedzhmentu ahrarnykh pidpryiemst [Methodical bases of formation of the risk system of agricultural enterprises management]. Ahrosvit, vol. 9-10, pp. 46–52. (in Ukrainian)
Grynko, T., Guiniasvili, T., & Kalibrda, M. Ya. (2023). Stratehichne upravlinnia pidpryiemstvom v umovakh tsyfrovoi ekonomiky [Strategic enterprise management in a digital economy]. Ekonomika ta suspilstvo, vol. 50. Available at: https://economyandsociety.in.ua/index.php/journal/article/view/2440 (in Ukrainian)
Tarlopov, I. O. (2024). Sotsialnyi ryzyk proiektiv transportnoho sektoru u systemi staloho rozvytku [Social risk of transport sector projects in the Sustainable Development System]. Bulletin of ONU them. I. I. Mechnikov, vol. 29(2), pp. 17–20. Available at: http://www.visnyk-onu.od.ua/journal/2024_29_2/5.pdf (in Ukrainian)
Tarlopov, I. O. (2021). Statystychne otsiniuvannia investytsiinoho spivrobitnytstva mizh Ukrainoiu ta krainamy YeS [Statistical assessment of investment cooperation between Ukraine and EU countries]. Naukovyi visnyk Poltavskoho universytetu ekonomiky i torhivli. Seriia «Ekonomichni nauky», vol. 2-1, pp. 91–96. Available at: http://www.puet.poltava.ua/index.php/economics/article/view/67 (in Ukrainian)
Crawford, J. & Jabbour, М. (2024). The relationship between enterprise risk management and managerial judgement in decision‐making: A systematic literature review. International Journal of Management Reviews, vol. 26, pp. 110–136. Available at: https://onlinelibrary.wiley.com/doi/full/10.1111/ijmr.12337
Crovini, C., Santoro, G., & Ossola G. (2021). Rethinking risk management in entrepreneurial SMEs: towards the integration with the decision-making process. Management Decision, vol. 59, pp. 1085–1113. Available at: https://www.emerald.com/insight/content/doi/10.1108/MD-10-2019-1402/full/html
This work is licensed under a Creative Commons Attribution 4.0 International License.